Topic: Swedish ASIC miner company kncminer.com - page 1637. (Read 3050068 times)

That is a half truth. IF the pool has enough BTC in reserve, it will pay you out regardless of whether the shares you contributed amounted to solving a block or not. now, IF the pool DOES NOT have enough BTC in reserve, and you contribute X amount of shares towards a block which amounts to nothing, then the pool has an obligation (and I use the term obligation loosely) to pay you out for each share even if the pool did not solve a block. Then the owner of the pool has to make a decision. A. Pay out of his own pocket the BTC owed to you, OR B. Bankrupt the Pool and leave you high and dry....It has happened. research Bitclockers.com - the pool tried pay PPS at a less than 3% rake and the pool went bankrupt. alot of people lost alot of coin because of this. I personally lost .29 BTC but it was enough to make me pay attention to how a pool operates much more acutely.

PPLNS is different as it will never pay out more than the pool brings in. Ultimately, its up to you, if you wanna risk it with PPS, and you feel comfortable with it, go ballz deep.. no problem. Just know what your getting into.

On a side note, One lesson learned by a lot of people over at bitclockers is that anyone who is mining large amounts of coin should not leave it inside the pool. Set your auto payout triggers to something low so that you will know IF and/or a pool is having a problem paying its miners.

We all do. For them it's probably like giving birth, they're probably burning a whole in he rug pacing up and down waiting, just hope they can keep their cool at the point of delivery. I'd seriously be all fingers and thumbs!

https://play.google.com/store/apps/details?id=org.cryptcoins.btcare&hl=en_GB

Me too, at my home. Just 2 weeks left 

I wanna see their rig hashing! 

For being the 2nd largest pool, it's odd that you rarely hear someone mentioning 50btc in pool discussions like this.  I've never tried them (Bitminter and BTCGuild are my preferred pools) but I wonder where all that hashing power is coming from.

Cheers to the wafer!  Now I wish they'd let me upgrade my Mercury to a Jupiter.  Stupid ME for hedging my bets.  Lol.

Anduck,

The reaction you're receiving here is due to your question about anyone seeing a "working chip". Had you spent a few minutes reading KnC's website or this thread, you'd know that there will not be a working chip shown until they're ready to ship the finalized unit to customers (~12 days from now). Furthermore, you're probably the 20th person to ask that question in recent history. I think the participants of this thread are simply tired of the lack of effort put into research.

To make things worse, people like to use the "working chips" question as a way to troll everyone else. You may not have intended to act like a troll, but that's how others will perceive you.

No slush is not PPS, it uses an an odd exponential function that severely penalizes pool hoppers.  If you leave a round before a block is found, your reward very quickly declines to zero.  Shares found closest to the block are worth more than shares at the beginning of the round, unless it happens to be a very short round.

Slush pretty consistently finds an average of 18-24 blocks per day, and i make about 0.030 per round with 83 Ghs.  That gets me 0.4 per day most other places - especially on PPS pools like 50 BTC.  On a good day on Slush I can make twice that, and on a bad day, a little less than that.

A) Slush is NOT PPS

B) You do NOT get paid more on a PPS pool.  You just get less variance.  The miner is assuming NO extra risk on a PPS pool, so why would he make more?  It's the pool operator that is taking a risk.

Spoken like a BFL customer in 2010 after seeing a picture of their first FPGA, roughly a year or so before actually receiving one (at a lower hashrate and almost 5x or so the promised power consumption, even though both metrics were deemed conservative and likely to be exceeded), or one thats still waiting after what, 8? 12? months  after seeing a die shot of BFLs asic.  BFL was bad, but they didnt really have competition back then, even a 6 months delay wasnt really a drama.

So a hint: dont go spending all that KnC mining profit just yet. Pictures of chips = good, but not exactly a guarantee it will be hashing at your place a few weeks later and most definitely not that its a "truly reliable manufacturer"

(to be clear, Im not claiming the opposite either, we just dont know shit yet).

w2go LOL.

I didn't even say a word against KNC and these silly fanboys still start their play.
I should've listened to the guys who said BCT is these days filled with these kind of people, people who bring no value to the community.

FWIW, I think KNC will deliver but it'll be late.

I agree, PPS is getting crazier with every terrahash that is added to the network... As for solo mining, I was referring to it being feasible after the network has plateaued and it is no longer profitable to pool mine. At that point a jupiter becomes a lottery ticket printer

I'm sure of it, its PPS... The only problem with it, is like I said, you get paid even if no blocks are found. Risk for reward

+1

ignored, asshat!

i only ask you to read about development of these things. Lol @ your reply.... Please.

Ignored.  Asshat who thinks he's a know-it-all.  Joins such illustrious members on that ignore list as Kuroth, Vigil, Eve, bbxx, and atomichaos....

So... i asked whether someone had seen a working asic chip of KNC?
Why I ask it?
If you dont have chips and you need to deliver actual product in less than 2 weeks (tm)...
You guys who say they can deliver in time.. You obviously have no clue what is needed after the chip is ready and in hand. Read about bitfury asics production. ...and their reseller btw shipped in time, too.

Give Slush a chance when you get back into it. I've used both. I like the merged mining of BP, but Slush has always provided me more payout and it's been very reliable.

What little mining I've done has been with bitparking. I have no experience of the others, because I was using a low end GPU and didn't think I had a snowball's chance in hell at the bigger ones.

That being said, I found them easy to use, and I did make a bit of coin. This was just before I moved from PA. I'm probably going with them once I get the hardware sorted.

LOL, awesome chart